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Steerage Effects of Object Housing Subsidies

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  • Sandra Bauernfeind

Abstract

The financing of the Austrian housing construction activities is characterised by a typical triangle between developer, public sector and capital market, lets say: equity capital, public housing subsidies and outside capital. This basic principle is applied for all dwellings Ò in single-family houses, which are more than 90% owned by private persons, and also for the dwellings in multi-storey houses which are professionally developed and rented or sold. The public subsidies still play an important role in this triangle. First I want to describe the Austrian housing stock but also the housing financing system. Than I will show some noticeable properties of the housing subsidy system. At the end I will point out several effects as well as in social, economic and ecological aspects.

Suggested Citation

  • Sandra Bauernfeind, 2003. "Steerage Effects of Object Housing Subsidies," ERES eres2003_114, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2003_114
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2003-114
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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